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Martin Marietta Materials（MLM）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是Vestis Corp的1.7倍（$1.1B vs $663.4M），Martin Marietta Materials净利率更高（24.5% vs -1.0%，领先25.4%），Vestis Corp同比增速更快（-3.0% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $28.3M），过去两年Vestis Corp的营收复合增速更高（-3.0% vs -4.5%）
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
MLM vs VSTS — 直观对比
营收规模更大
MLM
是对方的1.7倍
$663.4M
营收增速更快
VSTS
高出27.2%
-30.1%
净利率更高
MLM
高出25.4%
-1.0%
自由现金流更多
MLM
多$395.7M
$28.3M
两年增速更快
VSTS
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $663.4M |
| 净利润 | $279.0M | $-6.4M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | 2.5% |
| 净利率 | 24.5% | -1.0% |
| 营收同比 | -30.1% | -3.0% |
| 净利润同比 | -4.8% | -868.1% |
| 每股收益（稀释后） | $4.59 | $-0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MLMVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $1.1B | $712.0M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | $673.8M | ||
| Q1 25 | $1.4B | $665.2M | ||
| Q4 24 | $1.6B | $683.8M | ||
| Q3 24 | $1.9B | $684.3M | ||
| Q2 24 | $1.8B | $698.2M |
净利润MLMVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $279.0M | $-12.5M | ||
| Q3 25 | $414.0M | — | ||
| Q2 25 | $328.0M | $-676.0K | ||
| Q1 25 | $116.0M | $-27.8M | ||
| Q4 24 | $293.0M | $832.0K | ||
| Q3 24 | $363.0M | $-2.3M | ||
| Q2 24 | $294.0M | $5.0M |
毛利率MLMVSTS
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | — | ||
| Q3 25 | 33.1% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.7% | — | ||
| Q2 24 | 29.3% | — |
营业利润率MLMVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 24.6% | 2.5% | ||
| Q3 25 | 27.4% | — | ||
| Q2 25 | 25.3% | 3.7% | ||
| Q1 25 | 14.3% | -1.3% | ||
| Q4 24 | 24.4% | 4.4% | ||
| Q3 24 | 25.9% | 4.4% | ||
| Q2 24 | 22.6% | 5.4% |
净利率MLMVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 24.5% | -1.8% | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 18.1% | -0.1% | ||
| Q1 25 | 8.6% | -4.2% | ||
| Q4 24 | 18.0% | 0.1% | ||
| Q3 24 | 19.2% | -0.3% | ||
| Q2 24 | 16.7% | 0.7% |
每股收益（稀释后）MLMVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $4.59 | $-0.10 | ||
| Q3 25 | $6.85 | — | ||
| Q2 25 | $5.43 | $-0.01 | ||
| Q1 25 | $1.90 | $-0.21 | ||
| Q4 24 | $4.87 | $0.01 | ||
| Q3 24 | $5.91 | $-0.02 | ||
| Q2 24 | $4.76 | $0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $67.0M | $41.5M |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $864.4M |
| 总资产 | $18.7B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.53× | — |
8季度趋势，按日历期对齐
现金及短期投资MLMVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $67.0M | $29.7M | ||
| Q3 25 | $57.0M | — | ||
| Q2 25 | $225.0M | $23.7M | ||
| Q1 25 | $101.0M | $28.8M | ||
| Q4 24 | $670.0M | $18.6M | ||
| Q3 24 | $52.0M | $31.0M | ||
| Q2 24 | $109.0M | $29.1M |
总债务MLMVSTS
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $1.2B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $4.3B | — |
股东权益MLMVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $10.0B | $865.6M | ||
| Q3 25 | $9.7B | — | ||
| Q2 25 | $9.4B | $882.2M | ||
| Q1 25 | $9.1B | $876.3M | ||
| Q4 24 | $9.5B | $899.6M | ||
| Q3 24 | $9.2B | $903.1M | ||
| Q2 24 | $8.8B | $901.2M |
总资产MLMVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $18.7B | $2.9B | ||
| Q3 25 | $18.7B | — | ||
| Q2 25 | $18.1B | $2.9B | ||
| Q1 25 | $17.7B | $2.9B | ||
| Q4 24 | $18.2B | $2.9B | ||
| Q3 24 | $16.5B | $2.9B | ||
| Q2 24 | $16.3B | $3.1B |
负债/权益比MLMVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 1.35× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.44× | 1.29× | ||
| Q2 24 | 0.49× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $629.0M | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $28.3M |
| 自由现金流率自由现金流/营收 | 37.2% | 4.3% |
| 资本支出强度资本支出/营收 | 18.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.25× | — |
| 过去12个月自由现金流最近4个季度 | $978.0M | $45.0M |
8季度趋势，按日历期对齐
经营现金流MLMVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $629.0M | $30.9M | ||
| Q3 25 | $551.0M | — | ||
| Q2 25 | $387.0M | $22.9M | ||
| Q1 25 | $218.0M | $6.7M | ||
| Q4 24 | $686.0M | $3.8M | ||
| Q3 24 | $600.0M | $295.6M | ||
| Q2 24 | $1.0M | $48.7M |
自由现金流MLMVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $424.0M | $15.6M | ||
| Q3 25 | $361.0M | — | ||
| Q2 25 | $208.0M | $8.0M | ||
| Q1 25 | $-15.0M | $-6.9M | ||
| Q4 24 | $453.0M | $-11.0M | ||
| Q3 24 | $317.0M | $267.5M | ||
| Q2 24 | $-138.0M | $27.7M |
自由现金流率MLMVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 37.2% | 2.2% | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 11.5% | 1.2% | ||
| Q1 25 | -1.1% | -1.0% | ||
| Q4 24 | 27.8% | -1.6% | ||
| Q3 24 | 16.8% | 39.1% | ||
| Q2 24 | -7.8% | 4.0% |
资本支出强度MLMVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 18.0% | 2.2% | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 9.9% | 2.2% | ||
| Q1 25 | 17.2% | 2.0% | ||
| Q4 24 | 14.3% | 2.2% | ||
| Q3 24 | 15.0% | 4.1% | ||
| Q2 24 | 7.9% | 3.0% |
现金转化率MLMVSTS
| Q1 26 | — | — | ||
| Q4 25 | 2.25× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 2.34× | 4.54× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 0.00× | 9.66× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
